Accounting
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Types of Accounting Transactions
The basic concept behind accounting transactions is the asset-liability principle. A change in one of the assets or liabilities will have the same effect on the other. Typically, these are accounts for assets and liabilities, such as cash, which can be an asset. The owner of a long-established business invests $20,000 in a new restaurant. […]
Business
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Understanding the Risks of Starting a Business
Business is an activity that involves producing and exchanging goods and services for profit. Generally, it begins with a name and concept. Then, extensive research and planning are needed to turn it into a profitable enterprise. It is important to understand the risk involved when starting a business. It is also important to understand the […]
